Electronic funds transfers ________.
A) are more expensive than mailing a check to make a payment
B) are a way of moving cash by paper documents
C) include direct deposits and debit card transactions
D) do not appear on the bank statement
C) include direct deposits and debit card transactions
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The Hurricane Company provided the following information for the year ended December 31, 2018: January 1, 2018 December 31, 2018Interest payable$15,500 $12,250 Discount on bonds payable$79,900 $77,200 Income taxes payable$97,300 $99,900 Deferred income taxes payable$17,400 $11,150 Income tax expense$157,250 Interest expense$57,770 Required: Determine the cash paid for interest during 2018.Determine the cash paid for income taxes during 2018.
What will be an ideal response?
Porcelain Interiors sells a variety of porcelain products including porcelain sinks. On December 31, the company had 75 sinks in inventory. The company's policy is to maintain a sink inventory equal to 10% of next month's expected sales. The company expects the following sales activity for the first quarter of the year: January 750 sinks February 1,000 sinks March 1,150 sinks What is the
projected production for February? A) 1,115 sinks B) 1,015 sinks C) 985 sinks D) 1,215 sinks
Market segmentation produces relatively homogenous groups of consumers called
A. consumer targets. B. consumer clusters. C. market segments. D. consumer segments. E. market sectors.
If the CEO of a large and diversified firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? In all cases, assume that other things are held constant.
A. The division's basic earning power ratio is above the average of other firms in its industry. B. The division's total assets turnover ratio is below the average for other firms in its industry. C. The division's total debt to total capital ratio is above the average for other firms in the industry. D. The division's inventory turnover is 6×, whereas the average for its competitors is 8×. E. The division's DSO (days' sales outstanding) is 40 days, whereas the average for its competitors is 30 days.